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Pre - Market Report (15th April 2020)

  1. US Markets closed 2.5% higher Yesterday.
  2. Trump has Announced that he is almost ready with a plan to open the Economy. US Markets have been trading positive based on the Expectation.
  3. SGX Nifty up 2% & Trading near 9300 as of now.
  4. India has announced 19 day lock down extension upto 3rd May.
  5. PM has also Announced that Certain Relaxations will be provided in Certain areas to open the Economic activities after 20th April.
  6. This Week is lined up & packed up with many Major Events and Market will be looking at this very closely.
  7. MET to give it's first Monsoon forecast today at 1 pm.
  8. Results of TCS , HDFC Bank & Wipro lined up for this week.
  9. This rally we have Witnessed from 7500 levels on Nifty has weak legs & it's Unlikely that it would Sustain for long period.
  10. This is the best time to book profits for Traders / Investors who have entered near 7500-8000 zones on Nifty. It's already up more than 20% .
  11. In March series Markets have Traded in one Direction & it was not much Difficult for Traders to make money.
  12. Now , it's the Test for Traders to make Money out of this Ranging Market. 
  13. Do not expect follow through , do not expect Sharp rallies on one side while you Trade.
  14. Do not be biased on your Views . Do not carry fixed view in your Head before you sit to trade. Just trade what you see & not what you think.
  15. As I've mentioned in my Previous Blog , Expecting Nifty to expire between 8500 & 9500 for this Weekly Expiry.
  16. Option Buyers need to very Careful & need to exit Positions on Intraday Basis only as VIX is trading at much higher levels & also Premiums are quite high.
  17. 9350 is a Resistance Zone for Nifty and today might find Resistance near those levels.
  18. Bank Nifty looks more stronger when Compared to Nifty.
  19. First 1 hour is very Crutial for our Markets.
  20. So do not enter into any Positions as soon as Market opens.
  21. Give some time to yourselves & Analyse the Market Movement.
  22. Expecting the Intraday range to be between 9000-9400 on Nifty.
  23. FMCG Stocks look strong and also in Turbulant times as the Current one's , big Money will be poured into safe Companies.
  24. Also I would like to Caution to stay away from Pharma Companies after this huge 30% rally on some Pharma Names.
  25. HYDROXYCHLOROQUINE is a 3-4rs Drug and even if 10 crores Drugs are sold it hardly makes any Difference to the overall Profitability of these companies.
  26. Do not chase these stocks which rise purely based on Sentiment and get trapped.
  27. Sold 8700 PE & 9400 CE for Weekly Expiry.
  28. Also would be looking to sell more Call Options as Market opens.
  29. With many Events lined up for this Week & also by looking at Markets reaction to the News related to Corona Virus I do not expect any one side Moves on the Market.
  30. Trade within the range , Buy at the lower end of the Range & sell at the Upper Range of the Range.
  31. Do not be too biased & do not hold your Positions for too long.
  32. Those who are biased and always expect Trending Moves will be Trapped both sides.
  33. Those who build a range and Trade Accordingly will be rewarded. Ranging Markets test your Skills and Patience as a Trader.


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